Over the last year, property investments in Wyndham Vale, 3024 have given investors a capital gain of -1.68%. This compares badly with the 2.87% for VIC as a whole.
Wyndham Vale,3024 has offered an average of -1.68% return per annum in house price rises to property investors over the last three years.
The most recent median price for Wyndham Vale is $467500, with sellers offering an average of -6.32% off the asking price.
Often selling an investment property can take time, and in Wyndham Vale the average time real estate has been on the market is 66.4753 days.
With the median price for a house in Wyndham Vale being $467500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.00%
Property investors who have had real estate in Wyndham Vale, 3024 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.35%
If we look at median property appreciation over just the last three months, Wyndham Vale has given property investors a paper return of 0.40%. This puts Suburb as 225 on a list of fastest fasting appreciating suburbs in VIC
Information supplied by:
Housing stock tightens
Median house price: $445,000
Stock on market: -52.0%
12-month growth: 17.1%
The large suburb of Wyndham Vale saw housing supply halved over a 12-month period when the number of houses dropped from 589 to just 280 from February 2017-2018.
This could have helped spur demand, as the suburb recorded a 17% price increase over the same period. Nonetheless, houses are still reasonably priced at a median value of under $450,000, a possible factor in how quickly these properties are selling on the market. The average time on market is just 39 days, reflecting Wyndham Vale’s popularity.
The suburb is home to several sports clubs, who make their bases at Wyndham Vale Reserve and President’s Park. Wyndham Vale is also an education hub, with four primary schools in the area. Residents have access to amenities like medical services.